Exploring Caeterorum Administration: A Key Concept in Estate Law
Definition & Meaning
Caeterorum administration refers to the additional authority granted to an executor who initially has limited powers to manage an estate. This type of administration is necessary when the executor's existing powers are insufficient to settle the remaining assets or liabilities of the estate. Essentially, it allows for a broader scope of action to ensure the estate is properly administered and all obligations are fulfilled.
Legal Use & context
This term is primarily used in probate law, which deals with the administration of estates after a person's death. Executors may need caeterorum administration when they encounter situations beyond their original authority, such as handling additional debts or distributing leftover assets. Users can often manage such situations using legal templates from US Legal Forms, which provide guidance on the necessary steps to obtain additional powers.
Real-world examples
Here are a couple of examples of abatement:
Example 1: An executor is granted limited powers to manage a deceased person's estate. After reviewing the estate's financial situation, the executor realizes they need more authority to sell a property to pay off outstanding debts. They apply for caeterorum administration to obtain the necessary powers.
Example 2: An executor discovers additional assets that were not included in the original inventory. To distribute these assets fairly among the beneficiaries, the executor seeks caeterorum administration to expand their authority to include these new assets. (hypothetical example)